Iran, Pak will soon give their nod to the IPI gas pipeline

Iran-Pakistan-India (IPI) gas pipelineIslamabad, Dec 12: Pakistan and Iran will soon sign a gas sales purchase agreement for the Iran-Pakistan-India (IPI) gas pipeline project.

“We had productive meeting with Iranian delegation and we have agreed to sign the deal during their current visit, ” Caretaker Minister for Petroleum and Natural Resources Ahsanullah Khan told reporters here in presence of Iranian Special Representative on Gas Project Ghanimi Fard.

Khan also expressed his satisfaction over the progress on the project, saying that its early implementation would help strengthen and boost economic and trade relations among countries in the region, the Dawn reported.

The IPI project, in its present state, envisages the construction of a 2,600-km-long pipeline that would bring gas from Iran's giant South Pars field to Pakistan and India.

Under the trilateral contract, Iran will export 60 million cubic meters of gas to Pakistan and India each per day.

1,035-km segment of the 7.4-billion-dollar gas pipeline project would pass through Pakistan. (ANI)